Advisor Alert: Our Attorneys Are Investigating William Colie Johnson For Investment Fraud

Chetan Patil on October 26, 2023

Did You Lose Money Because of William Johnson?

Filed: October 25, 2023

William Johnson currently has six (6) pending customer disputes. Overall, he has been the subject of nineteen (19) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.

Let’s begin our Patil Law Advisor Alert with a summary report on William Colie Johnson.

Who Is William Colie Johnson?

  • Advisor Name: William Colie Johnson
  • Aliases: William C Johnson
  • CRD: 3174473
  • Location: Greenville, South Carolina
  • Current Employer: Currently Not Registered
  • Previous Firms: Cadaret, Grant & Co., Inc. and Voya Financial Advisors, Inc.
  • Number of Known Customer Complaints: 19
  • Can William Johnson Be Sued: Yes, in Private Arbitration
  • Can William Johnson’s Employers Be Sued For Failing to Supervise His Actions: Yes, in Private Arbitration
  • Highest Damages Allegation: $569,291
  • Highest Settlement: $350,000

If you have suffered investment losses by William Johnson, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a stockbroker fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.

Customer Complaints Filed Against William Johnson For Broker Misconduct

As of this publication date, William Johnson has been the subject of 19 customer disputes. Let’s review them below.

In April 2023, a FINRA arbitration was filed against or in reference to William Johnson by a customer of Voya Financial Advisors, Inc. alleging that Mr. Johnson recommended risky, unsuitable, and illiquid alternative investments. The client further alleged that Mr. Johnson made materially false and misleading statements related to claimant’s assets. Per the customer, he/she lost over $489,898 due to Mr. Johnson’s actions. As of this publication date, this arbitration claim remains pending.

In April 2023, a FINRA arbitration was filed against or in reference to William Johnson by a customer of Voya Financial Advisors, Inc. alleging that Mr. Johnson recommended risky, unsuitable, and illiquid alternative investments. The client further alleged that Mr. Johnson made materially false and misleading statements related to claimant’s assets. Per the customer, he/she lost over $499,999 due to Mr. Johnson’s actions. As of this publication date, this arbitration claim remains pending.

In February 2023, a FINRA arbitration was filed against or in reference to William Johnson by multiple customers of Voya Financial Advisors, Inc. alleging that Mr. Johnson misrepresented high risk, high commission, speculative, alternative investments that were unsuitable for the clients’ retirement. Per the customers, they lost over $100,000 due to Mr. Johnson’s actions. As of this publication date, this arbitration claim remains pending.

In February 2023, a FINRA arbitration was filed against or in reference to William Johnson by a customer of Voya Financial Advisors, Inc. alleging that Mr. Johnson misrepresented an investment in a Real Estate Investment Trust (REIT) as without risk and a source of guaranteed income. As of this publication date, this arbitration claim remains pending.

In January 2023, a FINRA arbitration was filed against or in reference to William Johnson by customers of Voya Financial Advisors, Inc. alleging that Mr. Johnson recommended investments that were largely concentrated and illiquid, speculative, low quality, and high commission non-traded real estate investment trusts and Business Development Companies. Per the customers, they lost over $569,291 due to Mr. Johnson’s actions. As of this publication date, this arbitration claim remains pending.

In September 2022, a FINRA arbitration was filed against or in reference to William Johnson by a customer of Voya Financial Advisors, Inc. alleging that Mr. Johnson sold various high risk investment products to the client between 2015 and 2017. The client added that Mr. Johnson misrepresented these investment products as low risk, safe, and suitable investments. Per the customer, he/she lost over $200,000 due to Mr. Johnson’s actions. On August 23, 2023, Mr. Johnson settled the claim for $62,500, and some or all of this amount may have been paid by Mr. Johnson’s employer and/or insurance carrier.

In August 2022, a FINRA arbitration was filed against or in reference to William Johnson by multiple customers of Voya Financial Advisors, Inc. alleging that Mr. Johnson sold Real Estate Investment Trust Investments that were unsuitable and inconsistent with their investment profile. Per the customers, they lost over $121,500 due to Mr. Johnson’s actions. On March 31, 2023, Mr. Johnson settled the claim for $57,500, and some or all of this amount may have been paid by Mr. Johnson’s employer and/or insurance carrier.

In February 2022, a FINRA arbitration was filed against or in reference to William Johnson by multiple customers of Voya Financial Advisors, Inc. alleging that Mr. Johnson recommended the clients to purchase speculative, non-traded REITs and other alternative investment funds. The clients added that they suffered losses due to Mr. Johnson’s misleading statements. Per the customers, they lost over $209,000 due to Mr. Johnson’s actions. On May 30, 2023, Mr. Johnson settled the claim for $110,000, and some or all of this amount may have been paid by Mr. Johnson’s employer and/or insurance carrier.

In January 2022, a FINRA arbitration was filed against or in reference to William Johnson by a customer of Voya Financial Advisors, Inc. alleging that Mr. Johnson misrepresented an illiquid alternative investment as a low risk, safe, and suitable investment in 2015. Per the customer, he/she lost over $100,001 due to Mr. Johnson’s actions. On February 2, 2023, Mr. Johnson settled the claim for $45,000, and some or all of this amount may have been paid by Mr. Johnson’s employer and/or insurance carrier.

In October 2021, a FINRA arbitration was filed against or in reference to William Johnson by multiple customers of Voya Financial Advisors, Inc. alleging that Mr. Johnson sold an investment product that was misrepresented as low risk, safe and suitable investment in 2015. Per the customers, they lost over $283,700 due to Mr. Johnson’s actions. On March 21, 2023, Mr. Johnson settled the claim for $175,000, and some or all of this amount may have been paid by Mr. Johnson’s employer and/or insurance carrier.

In September 2021, a FINRA arbitration was filed against or in reference to William Johnson by a customer of Voya Financial Advisors, Inc. alleging that Mr. Johnson sold unsuitable, high risk, and illiquid alternative investments. The client also alleged that Mr. Johnson misled him/her to believe that the investments purchased were safe and low risk. Per the customer, he/she lost over $90,000 due to Mr. Johnson’s actions. On January 18, 2023, Mr. Johnson settled the claim for $35,000, and some or all of this amount may have been paid by Mr. Johnson’s employer and/or insurance carrier.

In September 2021, a FINRA arbitration was filed against or in reference to William Johnson by a customer of Voya Financial Advisors, Inc. alleging that Mr. Johnson sold unsuitable, high risk, illiquid alternative investments. The client further alleged that Mr. Johnson incorrectly listed the client’s net worth and income information on account forms. Per the customer, she lost over $200,000 due to Mr. Johnson’s actions. As of this publication date, this arbitration claim remains pending.

In September 2021, a FINRA arbitration was filed against or in reference to William Johnson by a customer of Voya Financial Advisors, Inc. alleging that Mr. Johnson sold unsuitable, high risk, illiquid alternative investments. The client further alleged that Mr. Johnson incorrectly listed the client’s net worth and income information on account forms. Per the customer, she lost over $200,000 due to Mr. Johnson’s actions. As of this publication date, this arbitration claim remains pending.

In July 2021, a FINRA arbitration was filed against or in reference to William Johnson by multiple customers of Voya Financial Advisors, Inc. alleging that the clients invested roughly $600,000 with Mr. Johnson and he recommended an unsuitable strategy to invest in various high risk alternative investments between 2013-2017. Per the customers, they lost over $250,000 due to Mr. Johnson’s actions. On December 2, 2022, Mr. Johnson settled the claim for $100,000, and some or all of this amount may have been paid by Mr. Johnson’s employer and/or insurance carrier.

In July 2021, a FINRA arbitration was filed against or in reference to William Johnson by a customer of Voya Financial Advisors, Inc. alleging that Mr. Johnson recommended an unsuitable, high risk, illiquid real estate investment trust product in 2015. Per the customer, he/she lost over $48,850 due to Mr. Johnson’s actions.

In October 2020, a FINRA arbitration was filed against or in reference to William Johnson by multiple customers of Voya Financial Advisors, Inc. alleging that beginning in 2014, Mr. Johnson sold unsuitable and risky investments against their wishes to invest in a conservative portfolio. Per the customers, they lost over $200,000 due to Mr. Johnson’s actions. On March 14, 2022, Mr. Johnson settled the claim for $15,000, and some or all of this amount may have been paid by Mr. Johnson’s employer and/or insurance carrier.

In March 2017, a FINRA arbitration was filed against or in reference to William Johnson by multiple customers of Voya Financial Advisors, Inc. alleging that Mr. Johnson made promises that were not fulfilled. Per the customer, he/she lost over $22,000 due to Mr. Johnson’s actions.

In August 2010, a complaint was filed against or in reference to William Johnson by a customer of ING Financial Partners, Inc. alleging that the sale of Class A mutual funds and the subsequent purchase of Class C mutual funds was unsuitable due to higher expenses. On October 8, 2010, Mr. Johnson settled the claim for $1,100.05.

In August 2009, a FINRA arbitration was filed against or in reference to William Johnson by a customer of ING Financial Partners, Inc. alleging that Mr. Johnson sold a variable annuity that’s unsuitable for the client’s needs, desire or understanding. Further, the variable annuity did not include lifetime benefits or an annual base increase, both items the customer understood he had. The client added allegations of negligence, negligent misrepresentation, constructive fraud, breach of fiduciary duty, negligent supervision and training, and violation of the South Carolina Unfair Trade Practices Act and Uniform Securities Act involving the variable annuity sold to him by Mr. Johnson. Per the customer, he/she lost over $303,751.57 due to Mr. Johnson’s actions. On April 20, 2016, Mr. Johnson settled the claim for $350,000, and some or all of this amount may have been paid by Mr. Johnson’s employer and/or insurance carrier.

In February 2009, a FINRA arbitration was filed against or in reference to William Johnson by multiple customers of ING Financial Partners alleging that Mr. Johnson did not properly allocate assets and complained about advisory fees charged in his and his wife’s advisory accounts. Per the customer, he/she lost over $171,019.76 due to Mr. Johnson’s actions.

How To File A Claim Against William Johnson (previously with Cadaret, Grant & Co., Inc. and Voya Financial Advisors, Inc.) To Get Your Money Back.

If you have questions about William Johnson, Cadaret, Grant & Co., Inc., Voya Financial Advisors, Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll free at 1-800-950-6553. Our team has recovered approximately $25 million dollars on behalf of investors who lost money due to bad advice by their broker or brokerage firm. We’d love to help you out too.